How do I get my ELSS statement from my tax return?

To get your ELSS investments statement, log in to Coin and follow the instructions below. Click on Mutual funds from the dropdown menu. Click on ‘ELSS statement’ and select the Financial year.

How do you prove ELSS investment?

Investment Proof: You can get investment proof for mutual fund investments by getting your statements from your distributor. Alternatively you can get a consolidated email statement for all your mutual fund investments, including your ELSS funds emailed to your inbox.

What is ELSS statement?

“Providing proof of ELSS investment for tax planning purposes can be a cumbersome process, especially if investments are made in multiple ELSS schemes. The one view ELSS statement provides a detailed list of all ELSS investments done during the chosen period across CAMS serviced mutual funds.

How do I redeem my tax saver mutual fund?

Directly through AMC If you have invested in a mutual fund directly with the asset management company (AMC), then you can redeem using their online portal. You can choose to sell some units or all, as per your requirement. One can also redeem units offline by visiting the AMC office.

What are the tax deductions available on ELSS funds?

Individuals who have ELSS funds can avail deductions up to Rs1.5 lakh on the amount invested by them in the ELSS fund. Taxpayer can make various other investments to avail deductions in the Section 80C of the IT Act.

How to invest in ELSS funds in India?

How to Invest in ELSS Funds in India. 1 #1. Direct Investment Through Fund Houses. You can invest in ELSS funds directly from AMC or Fund House’s website. If you are confident of investing 2 #2. Using your Demat Account. 3 #3. Online MF Investment Platform. 4 #4. Through Your Agent. 5 #5. Through Registrars.

What is ELSs and how does it work?

What is ELSS? An Equity Linked Savings Scheme (ELSS), popularly known as a tax-saving mutual fund, is the only mutual fund which qualifies for a tax deduction of up to Rs. 1.5 lakh annually under Section 80C of the Income Tax Act. As the name suggests, it is a type of open-ended equity fund.

What is the tax on LTCG on ELSS?

Qualifies for tax exemptions under section u/s. 80C of the Indian Income Tax Act. Long-term capital gains from these funds are tax free in your hands. However as per Finance Act 2018 LTCG on ELSS (equity oriented) in Excess of Rs 1 lakh is taxable @ 10\% (Surcharge+HEC) without indexation under section 112A.